The FDIC is in Trouble
Aug 5th, 2009 | By Bud Conrad | Category: Politics & EconomicsAs we all know, the Federal Deposit Insurance Corporation (FDIC) guarantees depositors that they’ll get their money back if a bank fails, at least up to a certain amount. To fund its operations, the FDIC collects small fees from the banks that are held in reserve for the purpose of taking over troubled banks and paying off depositors.